[SatNews] A $10 million consultancy contract has been signed by the Company with...

the Bangladesh Telecommunication Regulatory Commission (BTRC) to assist with the design and launch of this nation's very first satellite. The total cost of the satellite ranges up into the $150 million price range. One reason for the decision to build a new satellite is that Bangladesh currently allocates $11 million per year in rental fees for services from foreign satellites. The satellite, to be named Bangabandhu-1, is expected to be launched in 2015.